Globecomm Systems Inc. Buyout Alert -- Milberg LLP Announces Investigation

Before you go, we thought you'd like these...
Before you go close icon

Globecomm Systems Inc. Buyout Alert -- Milberg LLP Announces Investigation

NEW YORK--(BUSINESS WIRE)-- The law firm of Milberg LLP announces that it is investigating potential legal claims against Globecomm Systems Inc. ("Globecomm " or the "Company") (NAS: GCOM) regarding possible breaches of fiduciary duties and other violations concerning the Company's decision to be acquired by private-equity firm Wasserstein & Co. in a deal valued at approximately $340 million.

Under the terms of the buyout agreement, shareholders of Globecomm will receive a per-share all cash price of $14.15, a 1.73 percent discount to Globecomm's closing price on Friday. According to Yahoo Finance, at least one analyst has established a price target of $18.00 per share.


Our investigation focuses on whether Globecomm's board of directors did not adequately shop the Company to suitors in an effort to find the best possible value for Globecomm's shareholders before entering into the deal with Wasserstein & Co.

If you own Globecomm common stock and would like to learn more about our investigation, please contact:

Andrei V. Rado, Esq.
Kent A. Bronson, Esq.
Gloria K. Melwani, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Email: contactus@milberg.com

Milberg LLP has represented individual and institutional investors for over four decades and serves as lead counsel in Courts throughout the United States. Visit the Milberg website (www.milberg.com) for more information about the firm.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.



Milberg LLP
Andrei V. Rado, Esq.
Kent A. Bronson, Esq.
Gloria K. Melwani, Esq.
800-320-5081
contactus@milberg.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Globecomm Systems Inc. Buyout Alert -- Milberg LLP Announces Investigation originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners